Global Medical Imaging Market Size Analysis, 2018-2028

REPORT ID: BKR649Domain: HealthcarePublished Date: April 2018

 

 

Global Medical Imaging Market Size Analysis

The Global Medical Imaging Market Size is estimated to be valued over USD 33 billion in 2018.

The industry will register robust growth in developing regions despite a hardened stance on regulatory and pricing part. Sustained macroeconomic growth along with demand for early diagnosis of chronic illness will create favorable medical imaging market growth worldwide. This will be further supported by substantial rise in geriatrics population.

Majority of these share is dominated by handful of leading companies. As such, the industry is highly consolidated with top five players accounting for over 78% of the global share. Siemens is the market leader followed closely by GE and Philips. Technological advancement will lead to emergence of new entrants – which in turn will create higher competitive environment during the forecast period. It is expected that artificial intelligence will play a key role in overall medical imaging technology. As such, companies need to be agile and invest on newer technology to ensure higher business reach.

Global Medical Imaging Market Share and Forecast: Regional Analysis: North America to dominate global Medical Imaging market sales

North America is estimated to account for over 31% of global share in 2018. Demand for such equipment will continue to proliferate in US medical imaging market size. Rising incidence rate of chronic illness and growing geriatrics population will be major factor driving sales of these equipment in North America. The region is characterized by exuberant run of innovation owing to which industry stakeholders were able to generate high ROI. The growth has certainly subdued compared to historical figures. However, will continue to dominate the global share in terms of overall revenue opportunity.

Companies in North America are collectively undertaking outsourcing and downsizing to ensure higher profitability margin. The trend is quite prominent in midscale companies. In addition to these, Japan based players have significantly gain market share in North America – creating higher competitive environment for already established companies.

Asia Pacific will register fastest growth. While South Korea and Japan are likely to register moderate growth, medical imaging market in India, China, and ASEAN will register double digit growth during the forecast period. Import of these equipment is particularly high in South Korea and Australia. Overall, Growing population, higher disposable income and rise in patient visit to hospital has created favorable market opportunity for stakeholders.

Global Medical Imaging Market Analysis, By Product Type

X-Ray Devices, computed tomography, ultrasound systems, MRI equipment, nuclear imaging equipment and mammography units are the types of medical imaging available in market. In 2017, X-Ray devices and computed tomography accounted for over 46% of global share. Increased prevalence of cardiovascular disease and orthopedic injuries is boosting the overall deployment of X-ray across healthcare centers. X-ray manufacturing industry witnessed substantial growth in 2017 and will continue to register significant demand throughout the forecast period. In addition to X-ray, there has been significant advances mammography and MRI equipment market. High incremental opportunity is expected from these segment – creating higher ROI for companies.

Global Medical Imaging Market Analysis, By End-use

Hospitals and diagnostic centers to account for over 73% of global sales in 2018. This is followed by specialty clinics and academic research centers. The percent ratio varies from place to place. Specialty clinics will gain higher momentum with increased capital inflow.

Global Medical Imaging Market Size and Forecast: Competition Landscape

Some key global Medical Imaging market players are GE Healthcare, Shimadzu Corporation, Koninklijke Philips N.V, Ziehm Imaging Inc., Toshiba Medical Systems Inc., Carestream, Siemens Healthcare, Johnson and Johnson, Varian Medical Systems, Aribex Corporation, Eizo Global, Imaging Equipment Ltd., Hologic Inc., Fujifilm Holdings, InfiMed, and Akina Medical.

Medical Imaging Market Industry Segmentation

By Product Type:

  • X Ray Devices
    • Portable
    • Stationary
  • Ultrasound Systems
    • Cart/Trolley based Systems
    • Compact Systems
  • Computer Tomography Systems
    • Portable
    • Stationary
  • Magnetic Resonance Imaging (MRI)
    • Closed MRI
    • Open MRI
  • Nuclear Imaging Equipment
  • Mammography Units

By End-use:

  • Hospitals
    • Multi-Chain Hospitals
    • Independent Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Units
  • Diagnostic Centers
  • Academic and Research Centers
  • Others

What Will You Discover in the Report?

  • An in-depth analysis of the Medical Imaging market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Medical Imaging market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Medical Imaging market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Medical Imaging industry during the forecast period
  • Who are the Medical Imaging industry leaders and what are the key initiatives taken by them for long term growth

Analyst access with Bekryl Market Analysts

Purchasing of Medical Imaging market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Medical Imaging Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Medical Imaging Market Value
    • Overall Market Forecast
    • Medical Imaging Growth Outlook, By Segments
    • Medical Imaging Growth Scenario, by Region
  6. The Medical Imaging Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain and Distribution Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
    • Macro Factor Relational Value Analysis
  7. The Medical Imaging Industry Dynamics
    • Drivers
      • Supply Side Drivers
      • Demand Side Drivers
      • Macroeconomic Factors
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Regulatory Compliances, By Selected Countries
    • Key Industry Developments
  8. The Medical Imaging Market Pricing Analysis
    • Medical Imaging Pricing Forecast
    • Pricing Analysis By Region
    • Pricing Trends
  9. Global Medical Imaging Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Medical Imaging Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Medical Imaging Market Size and Forecast, (2017-2028)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Medical Imaging Industry Size and Forecast, By Segments
  2. By Product Type:
    • X Ray Devices
      • Portable
      • Stationary
    • Ultrasound Systems
      • Cart/Trolley based Systems
      • Compact Systems
    • Computer Tomography Systems
      • Portable
      • Stationary
    • Magnetic Resonance Imaging (MRI)
      • Closed MRI
      • Open MRI
    • Nuclear Imaging Equipment
    • Mammography Units
  3. By End-use:
    • Hospitals
      • Multi-Chain Hospitals
      • Independent Hospitals
    • Specialty Clinics
    • Ambulatory Surgical Units
    • Diagnostic Centers
    • Academic and Research Centers
    • Others
  4. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Medical Imaging Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Medical Imaging Market, By Segments (As mentioned in section 10 of TOC)
    • S. Medical Imaging Market Size and Forecast, By Segments
    • Canada Medical Imaging Market Size and Forecast, By Segments
  5. Latin America Medical Imaging Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Medical Imaging Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Medical Imaging Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Medical Imaging Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Medical Imaging industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Medical Imaging Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Medical Imaging Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Medical Imaging Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Medical Imaging Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Medical Imaging industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Medical Imaging Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Medical Imaging Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Medical Imaging Market, By Segments (As mentioned in section 10 of Medical Imaging Market TOC)
    • Russia Medical Imaging Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Medical Imaging industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Medical Imaging Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Medical Imaging Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Medical Imaging Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Medical Imaging Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Medical Imaging industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Medical Imaging Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Medical Imaging Market Analysis
      • Industry Size and Forecast, (2017-2028)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Medical Imaging Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Medical Imaging Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Medical Imaging industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Medical Imaging Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Medical Imaging Industry Size and Forecast, (2017-2028)
    • Africa Medical Imaging Industry Share (%)
    • Africa Medical Imaging Industry Growth Forecast (%)
    • South Africa Medical Imaging Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Medical Imaging industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Medical Imaging Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • GE Healthcare,
      • Shimadzu Corporation,
      • Koninklijke Philips N.V,
      • Ziehm Imaging Inc.,
      • Toshiba Medical Systems Inc.,
      • Carestream,
      • Siemens Healthcare,
      • Johnson and Johnson,
      • Varian Medical Systems,
      • Aribex Corporation,
      • Eizo Global,
      • Imaging Equipment Ltd.,
      • Hologic Inc.,
      • Fujifilm Holdings,
      • InfiMed,
      • Akina Medical.
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Medical Imaging industry TOC and sample research pages, download sample.

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Medical Imaging Market Report Structure

Medical Imaging Industry Dynamics

This section enables Medical Imaging industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Medical Imaging market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Medical Imaging industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Medical Imaging Industry Trends
  • Medical Imaging Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Medical Imaging Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Medical Imaging industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Medical Imaging industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

 

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Medical Imaging market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Medical Imaging Market Size

  • S.
  • Canada

Latin America Medical Imaging Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Medical Imaging Market value analyzed across each Latin America country)

Western Europe Medical Imaging Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Medical Imaging Market value analyzed across each Western Europe country)

Central and Eastern Europe Medical Imaging Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Medical Imaging Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Medical Imaging Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Medical Imaging Market value analyzed across each Asia Pacific country)

Middle East Medical Imaging Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Medical Imaging Market value analyzed across each Middle East country)

Africa Medical Imaging Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Medical Imaging Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Medical Imaging Market Growth Forecasting Methodology

In order to prepare historical data and analyze Medical Imaging market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Medical Imaging market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Medical Imaging market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, patients turnaround, spending patterns, healthcare amenities, and GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on these factors across targeted countries.  Under this, co-relation is analyzed between product and the said parameters– resulting in a constant Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Medical Imaging industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides Market Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

 

Medical Imaging Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

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